Search Results for: price discrimination
Klassic Klingisms
Thanks to many commenters who reminded me of older ones. Below the fold is the list I am working with, grouped by category. If I devoted an average of three pages to each, I would definitely have a book. Comments … Continue reading
Bleg: Klassic Restrospective
Readers, I am working on the idea of a retrospective, a sort of “greatest hits” collection of my writings. My current thought is to have a set of short pieces, about one to four pages each. Each essay would be … Continue reading
The game of business strategy
Greg Lewis says, Sellers on eBay don’t quite know what gets them to the top of the search results in response to a query, but as they discovered when they made free shipping something that pushed you way up the … Continue reading
PDEE
Variable costs approach zero
Jan De Loecker and Jan Eeckhout write, We document the evolution of markups based on firm-level data for the US economy since 1950. Initially, markups are stable, even slightly decreasing. In 1980, average markups start to rise from 18% above … Continue reading
High Fixed Costs and Public Goods
The June 2017 issue of Cato Unbound looks at how the private sector could provide public goods. It considers the idea of what Alex Tabarrok calls a Dominant Assurance Contract. Alex writes, The dominant assurance contract adds a simple twist … Continue reading
A Provocative Health Care Proposal
Karl Denninger proposes legislation, including No government funded program or government billed invoice will be paid for medical treatment where a lifestyle change will provide a substantially equivalent or superior benefit that the customer refuses to implement. The poster child … Continue reading
Thoughts on Movie Pricing
Tyler Cowen quotes Ashok Rao, Is the fact that I’m browsing on iTunes at all enough of an information signal to segregate the market? I believe that this is the answer. If you go to a movie theater nowadays, that … Continue reading
Thoughts on Drug Pricing
A reader asked me to comment on this story, about the guy whose firm bought the license for a drug and then jacked up its price. 1. I don’t know the whole story in the example. My understanding is that … Continue reading